Sergio Marchionne Dead at 66
Auto and tobacco executive Sergio Marchionne is dead at 66. A one-time accountant, Marchionne accomplished what many said was
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Auto and tobacco executive Sergio Marchionne is dead at 66. A one-time accountant, Marchionne accomplished what many said was
Mike Manley succeeds Sergio Marchionne as CEO of Fiat Chrysler Automobiles. Manley has headed Jeep since 2009 and the Ram brand since 2015.
Peugeot maker PSA Group turned its recently acquired Opel-Vauxhall business sharply back into the black while hitting record profitability
Renault-Nissan-Mitsubishi last week announced that unit sales rose 5.1% to a new record of 5,538,000 vehicles in the six months to June 30.
Sources say Audi are seeking a new CEO after Rupert Stadler was arrested last month as part of the Dieselgate emissions-cheating scandal.
Chinese auto supplier Rebo’s parent company Boao are suddenly entering the North American market by purchase of Federal-Mogul’s lighting division.
Chongqing Rebo Lighting & Electronics were founded in 2011 and are based in Chongqing, China. Though virtually unknown in the United States and Europe, Rebo had sales of $121m in 2017, mainly in China. Parent company Boao Industrial have purchased Federal-Mogul’s lighting unit with the goal of using North America to make Rebo a global supplier of interior lighting. For an undisclosed purchase price, Boao—also in Chongqing—acquired the Federal-Mogul lighting plant in Sparta, Tennessee, and the technical centre in Ann Arbor, Michigan. This acquisition follows last month’s, in which Boao bought FER, the Germany-based interior lighting unit of American supplier Truck-Lite. Rebo now have five locations worldwide, and the company plan to add nearly $20m to their global sales by the end of this year.
Lighting and electronics specialist Hella say they continued their profitable growth path in FY 2017-18: sales increased by 7.2% to €7.1bn, up
Dr Jan Hamkens, the highly respected longstanding CEO of Docter Optics, has stepped aside after Docter’s board granted Hamkens’ wish to end his contract
This week, Varroc Lighting has taken over the Royal Oak Farmers Market north of Detroit to demonstrate for customers and media its latest development
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